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Omaha Steve

(108,449 posts)
Tue Jun 17, 2025, 06:07 AM Jun 2025

U.S. Senate GOP wants to hike debt limit by $5 trillion in mega-bill

Source: Nebraska Examiner

By: Jennifer Shutt - June 16, 2025 6:27 pm

WASHINGTON — U.S. Senate Republicans unveiled Monday that they plan to raise the country’s debt limit by $5 trillion in the “big, beautiful bill,” a full $1 trillion more than House GOP lawmakers proposed in their version.

The provision is tucked into the Senate Finance Committee’s 549-page section of the package, which also includes tax law changes and how Republicans in the upper chamber plan to rework Medicaid.

The bill is one of 10 the Senate will bundle together in the days ahead before bringing the full package to the floor for debate and amendment votes.

Senate Majority Leader John Thune, R-S.D., hopes to approve the legislation before the Fourth of July break, but because the chamber is changing the House bill in numerous ways, it will have to go back across the Capitol.


Read more: https://nebraskaexaminer.com/2025/06/16/repub/u-s-senate-gop-wants-to-hike-debt-limit-by-5-trillion-in-mega-bill/

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U.S. Senate GOP wants to hike debt limit by $5 trillion in mega-bill (Original Post) Omaha Steve Jun 2025 OP
Because Deficits Only Matter When A Democrat is President Chasstev365 Jun 2025 #1
ding AllaN01Bear Jun 2025 #30
If only they could get the FED to lower interest rates. multigraincracker Jun 2025 #2
Cutting back spending. Killing programs, Firing gazillions of gov't employees and still raising the debt. Norrrm Jun 2025 #3
With a debt that size, I can't see being able to keep up with no_hypocrisy Jun 2025 #4
That calls for a Democratic President, House and Senate. dchill Jun 2025 #24
Bond Markets and US Dollar will be crushed. Inflation to the moon. bucolic_frolic Jun 2025 #5
This isn't governing. This is mismanagement. Baitball Blogger Jun 2025 #6
It's intentional destruction Martin Eden Jun 2025 #12
But! But! But what about the deficit? Helloooo! Anyone? Anyone? Ray Bruns Jun 2025 #7
That will guarantee a NO vote from Rand Paul and probably Ron Johnson as well Wiz Imp Jun 2025 #8
There's no guarantees other than them falling in line newdeal2 Jun 2025 #11
You're wrong. I would bet any amount of money Rand Paul will vote NO. It's a 100% guarantee!!!!!!!!!!!!! Wiz Imp Jun 2025 #15
Paul is a definite, NO Bayard Jun 2025 #18
Now I see this draft actually cuts Medicaid even more severely than the House version Wiz Imp Jun 2025 #17
They made it worse than it was?? travelingthrulife Jun 2025 #9
The big tax gift to the wealthy expires soon..have they even discussed letting it expire? Problem solved Deuxcents Jun 2025 #10
The tax cuts don't expire until the end of 2025 Wiz Imp Jun 2025 #16
So many rethuglicons wanting complete destruction of OUR America bluestarone Jun 2025 #13
Never again can the republican party ever screech about "fiscal responsibility" Mysterian Jun 2025 #14
It never fails. When they get in office, all their phony pearl-clutching about "the debt" goes out the window. Martin68 Jun 2025 #19
Yeah. Too bad the attention span of the 'Murican public not fooled Jun 2025 #20
Yep...been voting since 1972 and it started with Reagan........... Bengus81 Jun 2025 #25
Because the billionaires need another tax cut. Yo_Mama_Been_Loggin Jun 2025 #21
And Corporations who's effective tax rate for many of them is 0% Bengus81 Jun 2025 #26
Republicans say deficits will go down with tax cuts? seabiscuit5920 Jun 2025 #22
This Bill Sets Up A Lose-Lose Situatuation DallasNE Jun 2025 #23
The higher the debt, the easier for congress to make SS and medicare cuts. Irish_Dem Jun 2025 #27
The fiscal responsible party. HA HA HA republianmushroom Jun 2025 #28
They just want to extend it past the midterms madville Jun 2025 #29

Chasstev365

(7,138 posts)
1. Because Deficits Only Matter When A Democrat is President
Tue Jun 17, 2025, 06:10 AM
Jun 2025

For over 40 years, Republicans have pulled this shit and Americans have consistently fallen for it.

multigraincracker

(37,017 posts)
2. If only they could get the FED to lower interest rates.
Tue Jun 17, 2025, 06:16 AM
Jun 2025

They could barrow more and raise the debt. That is tfg history.

Norrrm

(4,032 posts)
3. Cutting back spending. Killing programs, Firing gazillions of gov't employees and still raising the debt.
Tue Jun 17, 2025, 06:20 AM
Jun 2025

Republicans can only govern by debt, not improving the economy.

no_hypocrisy

(54,315 posts)
4. With a debt that size, I can't see being able to keep up with
Tue Jun 17, 2025, 06:24 AM
Jun 2025

interest payments. Forget lowering the Debt.

bucolic_frolic

(54,068 posts)
5. Bond Markets and US Dollar will be crushed. Inflation to the moon.
Tue Jun 17, 2025, 06:33 AM
Jun 2025

Debt will crush us. Clearly a plan to kick Powell to the curb early. GOP is group think on steroids, with opiates.

Martin Eden

(15,367 posts)
12. It's intentional destruction
Tue Jun 17, 2025, 08:57 AM
Jun 2025

They want to finish the job DOGE started in destroying government agencies that actually serve the American people.

Wiz Imp

(9,016 posts)
8. That will guarantee a NO vote from Rand Paul and probably Ron Johnson as well
Tue Jun 17, 2025, 08:08 AM
Jun 2025

meaning they can only afford to lose one more vote. I'm curious as to what other changes they will make. This may mean they are scaling back the Medicaid or SNAP cuts (they are probably raising the debt ceiling even higher because they would cut less spending). I still think it's going to be hard for them to get 50 votes on something that the House will also agree with.

newdeal2

(4,803 posts)
11. There's no guarantees other than them falling in line
Tue Jun 17, 2025, 08:34 AM
Jun 2025

Anything else and I’d be surprised

Wiz Imp

(9,016 posts)
15. You're wrong. I would bet any amount of money Rand Paul will vote NO. It's a 100% guarantee!!!!!!!!!!!!!
Tue Jun 17, 2025, 09:42 AM
Jun 2025

And Johnson is at least a 95% guaranteed NO. They aren't going to change their minds and their votes aren't technically needed. And if it would be a guarantee everyone would fall in line then there wouldn't be any reason to make any changes, now would there? What a ridiculous statement.

https://thehill.com/homenews/senate/5353670-ron-johnson-objects-senate-bill-deficit/

Asked if he would vote for the legislation as drafted if it came to the floor, Johnson responded bluntly: “No.”

The Congressional Budget Office projected the House-passed version of the bill would add $2.4 trillion to the national debt over the next decade. Johnson is the second Republican senator to say he’s a “no” on the bill.

Sen. Rand Paul (R-Ky.) says he can’t support the legislation if it raises the debt ceiling by several trillion dollars. Paul said the language in the House-passed bill to increase the debt limit by $4 trillion is unacceptable to him. The Senate version of the bill would raise the debt limit by $5 trillion.

Senate Republicans have a 53-seat majority and can only afford three defections and still pass the bill. Vice President Vance would cast a tiebreaking vote in the case of a 50-50 deadlock.




Bayard

(28,626 posts)
18. Paul is a definite, NO
Tue Jun 17, 2025, 11:07 AM
Jun 2025

He can claim it on his resume then, but knows the bill will still pass. It means even more draconian cuts if they try to appease him.

Johnson will probably cave. Any other deficit hawks?

Wiz Imp

(9,016 posts)
17. Now I see this draft actually cuts Medicaid even more severely than the House version
Tue Jun 17, 2025, 10:58 AM
Jun 2025

So why do they need to increase the debt limit even higher? There clearly must be something sinister added to the bill that will cost an extra trillion or two which they haven't admitted to yet. Regardless, I don't see any way this will pass.

travelingthrulife

(4,463 posts)
9. They made it worse than it was??
Tue Jun 17, 2025, 08:18 AM
Jun 2025

CBO says it will cost 2.4 trillion. GOP Senate says, "Hold my beer".

Deuxcents

(25,547 posts)
10. The big tax gift to the wealthy expires soon..have they even discussed letting it expire? Problem solved
Tue Jun 17, 2025, 08:29 AM
Jun 2025

Well…mostly solved

Wiz Imp

(9,016 posts)
16. The tax cuts don't expire until the end of 2025
Tue Jun 17, 2025, 09:51 AM
Jun 2025

(Tax returns and full tax payments due April 15, 2026). There is no way the Republicans will let the tax cuts expire even if it means just a simple bill extending the tax cuts.

bluestarone

(21,212 posts)
13. So many rethuglicons wanting complete destruction of OUR America
Tue Jun 17, 2025, 09:01 AM
Jun 2025

How can they be stopped? Holy shit.

Mysterian

(6,177 posts)
14. Never again can the republican party ever screech about "fiscal responsibility"
Tue Jun 17, 2025, 09:40 AM
Jun 2025

without this being thrown in their filthy, lying faces.

Of course, the lying US mass media will cover for them and decry "tax and spend liberals" as Democrats attempt to save the nation from republican insanity.

Martin68

(27,083 posts)
19. It never fails. When they get in office, all their phony pearl-clutching about "the debt" goes out the window.
Tue Jun 17, 2025, 11:19 AM
Jun 2025

not fooled

(6,608 posts)
20. Yeah. Too bad the attention span of the 'Murican public
Tue Jun 17, 2025, 11:54 AM
Jun 2025

isn't longer than the lifespan of a GQPee lie cycle.

Ignorance and dumbassery are killing this country.


Bengus81

(9,826 posts)
25. Yep...been voting since 1972 and it started with Reagan...........
Tue Jun 17, 2025, 05:06 PM
Jun 2025

Go in a gut Medicare and SS and Rand Paul would piss his pants with glee to hurry up and get that Senate vote going.

seabiscuit5920

(27 posts)
22. Republicans say deficits will go down with tax cuts?
Tue Jun 17, 2025, 01:54 PM
Jun 2025

Why do republicans think they need to raise the debt limit being raised when they claimed the tax cuts will lessen the deficits?? Voodoo economics again?? Maybe they are finally learning that as in previous times when they give the billionaires huge tax breaks, the debt got substantially bigger.

DallasNE

(7,964 posts)
23. This Bill Sets Up A Lose-Lose Situatuation
Tue Jun 17, 2025, 04:10 PM
Jun 2025

The dollar has already lost 10% against the Euro. That is like a tariff on top of the current tariff. This move can only further weaken the dollar, making goods and services more expensive for consumers. But this will also cause interest rates to increase. That is the trifecta of bad news. Further, this all just adds up to stagflation and a hard crash.

madville

(7,841 posts)
29. They just want to extend it past the midterms
Tue Jun 17, 2025, 06:41 PM
Jun 2025

And not have another debt fight for the next two years.

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